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Ch.11 following items were shown on the balance sheet of Easton Corporation on December 31, Th 6. 2018: Stockholders' equity Paid-in capital Capital stock Common
Ch.11 following items were shown on the balance sheet of Easton Corporation on December 31, Th 6. 2018: Stockholders' equity Paid-in capital Capital stock Common stock, $10 par value, 400,000 shares shares issued and authorized; outstanding.. $1,850,000 Additional paid-in capital In excess of par.. Total paid-in capital 165.000 2,015,000 Retained earnings Total paid-in capital and retained earnings. Less: Treasury stock (18,000 shares) Total stockholders' equity 750,000 2,765,000 270.000 $2.495.000 Instructions Complete the following statements and show your computations. (a) The number of shares of common stock issued was (b) The number of shares of common stock outstanding was (c) The common stock was issued for a total of $ (d) The cost per share of the treasury stock was $ (e) The average issue price of the common stock was $ (f Assuming that 4,500 shares of the treasury stock is sold at $20 per share, the balance in the Treasury Stock account would be $
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